Venture Capital Backed Growth

Christian Keuschnigg

Journal of Economic Growth, 2004, vol. 9, issue 2, 239-261

Abstract: The paper proposes a simple equilibrium model of venture capital, start-up entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper shows how a productive and active venture capital industry boosts innovation based growth. It also demonstrates the potential of tax policy to promote innovation and growth by strengthening incentives for more intensive venture capital support.

Date: 2004
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Citations: View citations in EconPapers (49)

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Related works:
Working Paper: Venture Capital Backed Growth (2002)
Working Paper: Venture Capital Backed Growth (2002)
Working Paper: Venture Capital Backed Growth (2002)
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